Far Eastern Air Transport or FAT Taiwan Inc. has announced it will “fully accept encrypted digital currency” to purchase airline tickets and related services, according to Crowdfundinsider.

“FAT wants to be a pioneer in the airline industry and its decision to embrace Bitcoin and other crypto should help build its brand.

The airline said that passengers will be able to use the encrypted digital currency to on domestic and international flights provided by Far Eastern.

FAT is a regional transport company serving mainly destinations in Asia, a region that loves their digital currencies so the accept acceptance of cryptocurrencies does make sense. The announcement was posted on their website in Chinese.”

“Blockchain is a technology that is particularly difficult to comprehend, as it far surpasses the definition of being just a technological breakthrough. Its true potential extends deep into the very field of economics, the almost esoteric science that attempts to define the rules that drive human society.

This article is meant as a thought experiment to explore the potential for Blockchains to redefine the way a business is created and run. This thought experiment also attempts to illustrate the fundamental crypto economics that drives many of the disruptive cryptocurrency implementations in the world today.”

4. US – FinTech

Crowdfundinsider reports on a highly successful ICO:

“This past January, TrustToken, a global platform for tokenizing fiat currencies and real-world assets backed by Stanford-StartX, FJ Labs, and BlockTower Capital, launched TrueUSD, reportedly the first fiat-backed stablecoin to offer token-holders legally protected certificates of ownership of US Dollars. TrueUSD aims to offer a more stable trading instrument for cryptocurrency traders — an alternative to Tether — by enabling consumers and businesses to use a cryptocurrency as a medium of exchange.

Bittrex traders may now trade into TrueUSD, a stablecoin that is 100% legally backed by US Dollars. TrueUSD aims to offer token-holders full USD collateral, regular attestations (starting with this one), and legal protections to redeem TrueUSD for USD, allowing individuals and institutions to trade cryptocurrencies while mitigating the extreme price volatility of the market.

The response has been positive: “We’ve received a huge response to our TrueUSD launch ($TUSD)…we are working to keep the TrustToken and TrueUSD website up,” tweeted TrustCoin.”

Mozo.com.au reports on the reaction of RateSetter’s Australian CEO to credit regulation:

“For many Australians hearing the words ‘credit history’ may well elicit a shudder down their spine - especially if they’re looking at taking out a finance option such as a personal loan, credit card or home loan. But in just under four months that could well change, with the impending implementation of mandatory Comprehensive Credit Reporting (CCR).”